Nezih Guner

 

Director and Professor of Economics at CEMFI

Banco de España-CEMFI Research Associate

ICREA Research Professor (on leave)

 

            E-mail: nezih.guner[AT]cemfi.es

 

Publications           CV


 

Recent Publications

 

The Rise and Fall of Misallocation: From Firms to Aggregate Productivity in Spain, 2003–2023 (with Eduardo Gutierrez, Enrique Moral-Benito, and Alessandro Ruggieri), October 2026. Spanish version to appear in Handbook de Productividad, edited by Juan Francisco Jimeno and Jose Manuel Montero, published by Fundación Ramón Areces.

 

Means-Tested Transfers in the US: Facts and Parametric Estimates (with Christopher Rauh and Gustavo Ventura), August 2026, Review of Economic Dynamics 61, 101348.

 

Firms, Flexibility and Fertility (with Ezgi Kaya, Alessandro Ruggieri, and Virginia Sánchez Marcos), June 2026, to appear in New Frontiers in Fertility, edited by James Heckman.  CEPR DP 21120

 

An earlier version of this paper was published in Spanish, Empresas, Flexibilidad y Natalidad,  in the Handbook de Economía y Género, edited by Lidia Farre and Judit Vall, published by Fundación Ramón Areces.

 

Demographic Transitions: Past and Present (with Jesús Fernández Villaverde), June 2026, to appear in New Frontiers in Fertility, edited by James Heckman.

 

Labor Market Power and Development (with Tristany Armangué-Jubert and Alessandro Ruggieri), June 2025, American Economic Review-Insights 7(2):  177–95.     Online Appendix       Slides

 

Does the Added Worker Effect Matter?  (with Yuliya Kulikova and Arnau Valladares-Esteban), April 2025, Review of Economic Dynamics 56, 101271     Online Appendix

 

Working Papers

 

Unequal Connections: Friendship Networks and Racial Labor Market Gaps (with Tristany Armangué-Jubert,  Effrosyni Adamopoulou, and Alessandro Ruggieri), November 2026.

 

Priced Out of Parenthood: Housing Costs, Household Formation, and Fertility in Spain (with  Francesco Chiocchio and Virginia Sánchez-Marcos), November 2026. CEPR DP 22108.

 

The Price of Globalization (with Eugenio Renedo, Alessandro Ruggieri, and James Tybout). October 2026.

 

Optimal Spatial Taxation: Are Big Cities Too Small? (with Jan Eeckhout), August 2026. New Version!

 

Taxes and Transfers with Nonlinear Wage Dynamics (with Eugenio Renedo and Emre Enes Yavuz), August 2026.     CEMFI WP2611                CEPR DP21810

 

Family-Friendly Policies and Fertility: What Firms Got to Do with It (with Olympia Bover, Yuliya Kulikova, Alessandro Ruggieri, and Carlos Sanz), March 2026.  CEPR DP20411 VOXEU

 

Workshop on “Households in the 21st Century: Marriage, Fertility and Challenges for Public Policies” March 2025, Supported by La Caixa Foundation Grant SR22-00499

 

Program              Presentations

 

Opioids and Post-COVID Labor Force Participation (with Francesco Chiocchio, Jeremy Greenwood, and Karen A. Kopecky), March 2026. New Version!         CEPR DP20412                  NBER WP33717

 

The Downward Spiral: A Macroeconomic Analysis of the Opioid Crisis (with Jeremy Greenwood and Karen Kopecky), December 2025. R&R Journal of European Economic Association    CEPR DP17033  NBER WP29764

 

The Role of Friends in the Opioid Epidemic (with Effrosyni Adamopoulou, Jeremy Greenwood, and Karen Kopecky), October 2025. New Version!   CEPR DP18803      NBER WP32032

 

Read Peter Coy, NYtimes

 

Demographic Transitions across Time and Space (with Matthew J. Delventhal and Jesus Fernandez-Villaverde), July 2024.  R&R Journal of Political Economy – Macro.   CEPR DP16708     NBER WP29480

 

Check the interactive webpage to access our data on demographic transitions HERE!

 

Segregation and Sorting of U.S. Households: Who Marries Whom and Where?  (with Davide Alonzo and Claudio Luccioletti and ), November 2023.

 

Misallocation and Inequality (with Alessandro Ruggieri), May 2023. R&R American Economic Journal: Macroeconomics.           CEPR DP17113

 

Incarceration, Unemployment, and the Racial Marriage Divide (Elizabeth Caucutt and Christopher Rauh), November 2021.  BSE Focus         VOXEU